Falling Euro Could Be Bad For U.S. Economy
The euro fell to its lowest value since 2010, which could help Europe's economic recovery but could also take a bite out of demand for U.S. goods.By Bram Sable-Smith | January 3, 2015
This week the value of the euro fell to its lowest level since 2010, equal to $1.20. And that could actually be bad news for U.S. companies.
That drop in value came after European Central Bank President Mario Draghi called Europe's economic recovery "fragile and uneven."
And by many accounts, a decline in the euro's value was precisely what Draghi was trying to achieve.